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Will Freezing the Minimum Wage Help?

2008-12-26

Beijing Review 2008年50期

Plagued by the recent global financialturmoil, some Chinese enterprises, particu-larly labor-intensive small and medium-sized ones, are in difficulty, and this posesa challenge to employment. The Ministryof Human Resources and Social Securityrecently promulgated several supportingmeasures, stressing the importance of stabi-lizing the employment situation and helpingbusinesses out of hard times. One of thesemeasures will see plans to raise the manda-tory minimum wage frozen.